皇冠体育app

Foreign and Military Affairs

Venezuela, 皇冠体育app discuss new co-op agreements

(Xinhua)
Updated: 2010-07-30 10:24
Large Medium Small

CARACAS - Venezuela and 皇冠体育app held talks Thursday on ten new agreements involving cooperation in energy, mining, food and gas sectors, the state-run Venezolana de Television (VTV) reported.

Related readings:
Venezuela, 皇冠体育app discuss new co-op agreements Chinese company to help create new airline for Venezuela
Venezuela, 皇冠体育app discuss new co-op agreements Venezuela shows willingness to support 皇冠体育app relief
Venezuela, 皇冠体育app discuss new co-op agreements 皇冠体育app, Venezuela sign oil development pacts

皇冠体育app agreed to back Venezuela's 17 development projects by providing?$4 billion in credit loans via the 皇冠体育app Development Bank (CDB), it said.

Vice President Elias Jaua, who attended the meeting, said they are all viable projects that would be completed in three years.

Since May 2010, the two countries have been mulling a series of non-oil projects in Venezuela, which will be financed by the CDB with a credit of $20 billion.

Venezuela is 皇冠体育app's fifth-largest trading partner in Latin America, and both countries have set up a bilateral investment fund of $12 billion to finance their economic and manufacturing development.
Specials
Columnists
皇冠体育app Daily E-paper